Amendment of the Original Agreement. The Original Agreement is hereby amended as follows:
Amendment of the Original Agreement. 3.1 Sections 12.01 and 5.02 of the Original Agreement are deleted in their entirety. In Section 12.00 (b) (ii) of the Original Agreement, the words following “xxxxx Xxxxx the right to defend, in its sole discretion, the action” are deleted in their entirety. This deletion from the Original Agreement is effective as of the Effective Date.
Amendment of the Original Agreement. (a) Recital C in the Original Agreement is hereby amended and restated in its entirety as follows:
Amendment of the Original Agreement. (a) All references in the Original Agreement to the phrase “$10 million” and “$10,000,000” are hereby changed to “$20 million” and “$20,000,000,” respectively.
Amendment of the Original Agreement. Section 3 of the Original Agreement is hereby amended and restated in its entirety to read as follows:
Amendment of the Original Agreement. With effect from the Effective Date, the Original Agreement shall be amended so as to incorporate all the amendments set out in Schedule 1 (Amendments to Original Agreement) so that, with effect from the Effective Date, the Original Agreement shall be read and construed as so amended.
Amendment of the Original Agreement. 2.1 Section 1.1. The definition of "
Amendment of the Original Agreement. 2.1 Schedule A-1. Schedule A-1 to the Agreement shall be restated in its entirety to read as set forth on Schedule A-1 hereto.
Amendment of the Original Agreement. (a) Section 5 of the Original Agreement is hereby amended to read in its entirety as follows: Company agrees to pay Consultant's sum of three thousand two hundred dollars ($3,200USD) per month during the term of this Agreement, with the payments due on or before the 23rd of each month. Such payments to Consultant shall not begin until the Company has secured a minimum of two hundred fifty thousand dollars ($250,000USD) in new investments, including any new loans, equity sales, convertible notes or other financing (the "New Investment"). A New Investment shall include only those investments that have been actually funded and received by the Company after September 20, 2010. Consultant is not entitled to any back pay that may have accrued under the terms of the Original Agreement. Company shall have no other obligation to Consultant for payment. Company may pay performance bonuses not yet negotiated for Consultant’s work. Company agrees to pay for all costs and expenses incurred associated with its employees' working with the Consultant and its representatives, including lodging, meals, and travel as necessary. Company agrees to pay directly any other business entities that are introduced by the Consultant, after prior agreement of the Company, to be retained as service providers to assist in the goal of making the investing public knowledgeable about the benefits of stock ownership in the Company.
Amendment of the Original Agreement. Section 2.01. Change of Minimum Denominations on the Bonds. From and after the effective date of this Supplemental Agreement, the denominations of the Bonds, including any Outstanding Bonds, shall be $100,000 and any larger denominations constituting an integral multiple of $5,000. Accordingly, the first sentence of Section 10 of the form of Bond, and the first sentence of Section 10 of each Outstanding Bond, is hereby amended to read as follows: “The Bonds may be issued in registered form without coupons in denominations of $100,000 and any larger denominations constituting an integral multiple of $5,000.”
